Atwood Oceanics, Inc. (ATW) Reaches $7.94 After 3.00% Up Move; Sinclair Broadcast Group Class A (SBGI) Shorts Decreased By 9.5%

July 17, 2017 - By Winifred Garcia

Sinclair Broadcast Group Class A (NASDAQ:SBGI) had a decrease of 9.5% in short interest. SBGI’s SI was 8.95M shares in July as released by FINRA. Its down 9.5% from 9.89 million shares previously. With 2.15M avg volume, 4 days are for Sinclair Broadcast Group Class A (NASDAQ:SBGI)’s short sellers to cover SBGI’s short positions. The SI to Sinclair Broadcast Group Class A’s float is 13.5%. About 718,125 shares traded. Sinclair Broadcast Group Inc (NASDAQ:SBGI) has risen 12.28% since July 17, 2016 and is uptrending. It has underperformed by 4.42% the S&P500.

The stock of Atwood Oceanics, Inc. (NYSE:ATW) is a huge mover today! About 2.09M shares traded. Atwood Oceanics, Inc. (NYSE:ATW) has declined 21.05% since July 17, 2016 and is downtrending. It has underperformed by 37.75% the S&P500.The move comes after 5 months positive chart setup for the $639.32M company. It was reported on Jul, 17 by Barchart.com. We have $8.18 PT which if reached, will make NYSE:ATW worth $19.18 million more.

Among 29 analysts covering Atwood Oceanics (NYSE:ATW), 5 have Buy rating, 4 Sell and 20 Hold. Therefore 17% are positive. Atwood Oceanics had 72 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of Atwood Oceanics, Inc. (NYSE:ATW) has “Sector Perform” rating given on Wednesday, September 14 by Howard Weil. The firm earned “Hold” rating on Monday, June 13 by Johnson Rice. The rating was downgraded by Jefferies on Monday, May 9 to “Hold”. The firm has “Neutral” rating given on Monday, May 16 by Citigroup. The firm has “Neutral” rating by Clarksons Platou given on Wednesday, October 21. Global Hunter Securities downgraded Atwood Oceanics, Inc. (NYSE:ATW) rating on Friday, August 21. Global Hunter Securities has “Neutral” rating and $18 target. The rating was upgraded by KLR Group to “Buy” on Tuesday, May 31. On Thursday, September 22 the stock rating was upgraded by Clarksons Platou to “Neutral”. The firm has “Neutral” rating given on Tuesday, May 23 by Goldman Sachs. The rating was maintained by BMO Capital Markets with “Sell” on Wednesday, June 21.

Atwood Oceanics, Inc. is an offshore drilling firm engaged in the drilling and completion of exploration and development wells for the global gas and oil industry. The company has market cap of $639.32 million. The Firm owns various types of drilling rigs, such as Ultra-Deepwater Rigs, Deepwater Semisubmersibles and Jackups. It has a 5.76 P/E ratio. The Company’s Ultra-deepwater Rigs and Deepwater Semisubmersibles include Atwood Achiever, Atwood Archer, Atwood Admiral, Atwood Advantage, Atwood Condor, Atwood Eagle and Atwood Osprey.

Analysts await Atwood Oceanics, Inc. (NYSE:ATW) to report earnings on August, 7. They expect $-0.05 EPS, down 105.10% or $1.03 from last year’s $0.98 per share. After $0.37 actual EPS reported by Atwood Oceanics, Inc. for the previous quarter, Wall Street now forecasts -113.51% negative EPS growth.

Investors sentiment decreased to 1.05 in 2016 Q4. Its down 0.05, from 1.1 in 2016Q3. It fall, as 35 investors sold Atwood Oceanics, Inc. shares while 57 reduced holdings. 39 funds opened positions while 58 raised stakes. 65.75 million shares or 3.36% less from 68.03 million shares in 2016Q3 were reported. Sector Pension Investment Board invested in 43,000 shares. Guggenheim has invested 0.02% of its portfolio in Atwood Oceanics, Inc. (NYSE:ATW). Oak Assocs Oh reported 34,245 shares stake. Rhumbline Advisers reported 94,292 shares. Manufacturers Life Insurance The has invested 0% in Atwood Oceanics, Inc. (NYSE:ATW). Geode Cap Management Ltd Co reported 970,509 shares stake. Morgan Stanley owns 0% invested in Atwood Oceanics, Inc. (NYSE:ATW) for 847,699 shares. Lpl Limited Company reported 32,912 shares. Employees Retirement Association Of Colorado owns 15,886 shares. Great West Life Assurance Can holds 79,640 shares or 0% of its portfolio. Voya Investment Management Limited Liability Company, Georgia-based fund reported 147,134 shares. Wellington Mngmt Group Incorporated Limited Liability Partnership invested in 29,361 shares or 0% of the stock. Royal Savings Bank Of Canada invested in 82,355 shares or 0% of the stock. Allianz Asset Ag holds 127,583 shares. Jpmorgan Chase Co invested in 0% or 1.17M shares.

Since February 23, 2017, it had 1 buying transaction, and 8 selling transactions for $5.19 million activity. Shares for $411,619 were sold by LEADER MARTIN R. BOCHENEK DAVID R had sold 5,000 shares worth $206,889 on Wednesday, March 1. Shares for $161,799 were bought by SMITH DAVID D on Friday, May 5. 2,000 shares were sold by MCCANNA LAWRENCE E, worth $69,508. The insider AMY DAVID B sold $1.14M. Shares for $100,447 were sold by RUTISHAUSER LUCY on Wednesday, March 1. FABER BARRY sold $409,184 worth of stock or 9,922 shares.

Among 4 analysts covering Sinclair Broadcast Group Inc (NASDAQ:SBGI), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Sinclair Broadcast Group Inc had 13 analyst reports since July 30, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Outperform” rating and $47 target in Thursday, February 23 report. The firm has “Equal-Weight” rating by Stephens given on Wednesday, November 18. On Friday, June 2 the stock rating was maintained by Stephens with “Buy”. The company was maintained on Tuesday, September 27 by Wedbush. As per Thursday, February 23, the company rating was maintained by Wedbush. The firm has “Buy” rating by RBC Capital Markets given on Wednesday, July 5. The company was maintained on Friday, January 29 by Wedbush. The rating was maintained by Benchmark with “Buy” on Thursday, November 5. On Thursday, November 3 the stock rating was upgraded by Stephens to “Overweight”. The firm earned “Outperform” rating on Tuesday, November 10 by RBC Capital Markets.

Sinclair Broadcast Group, Inc. is a television broadcasting company. The company has market cap of $3.54 billion. The Firm focuses on providing content on its local television stations and digital platforms. It has a 11.35 P/E ratio. The Company’s divisions are broadcast, other and corporate.

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